Don't Get Suckered By Trump University Coming to Sacramento

Trump University is coming to Sacramento next week to give "introductory classes" on how Donald Trump can profit big if you buy his books, CDs and other seminars, er, I mean how you can profit big by buying real estate. Trump University took out a half-page ad in the Sacramento Bee to tout the Perfect Storm in real estate.

In the ad, Trump University claims that housing inventories are at a 20-year high, which is absolutely ridiculous. Anybody looking at real estate stats will see the inventory has dropped at least 30% across the board in Sacramento. It also says housing prices have dipped 16.3% from last year. Who pulls these fabricated numbers? Housing prices have slid about 35% since last year.

You've got to say to yourself that if Trump University can't get the basic facts straight about Sacramento, how is its seminar going to help you? By promising that you can buy real estate for no money. Yup, that's right folks. While banks are tightening guidelines, requiring higher down payments and scrutinizing each transaction with a magnifying glass, Trump says you don't need any money at all. In fact, you don't even need to know what you are doing because real estate is such a simple business that anybody can amass a fortune overnight. In two hours, Trump will teach you everything a successful real estate investor needs to succeed.

Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

That means the phone is going to be ringing off the hook next week and we are going to have to talk everyone down to reality! Good news is he will get them excited about real estate. we will just need to help them change their perception a little :).

Elizabeth, Our free class is not for everyone we know that. There are obviously some similarities between our free class and some of the 'get rich quick' folks talking about real estate. However, I encourage you to attend our event and see what we are all about first hand. I can tell you that "we are different" but I am sure it would not do any good... If you still feel that our instructors are being unethical, misrepresenting the market or opportunities please let me know. Mr Trump is involved in the business and we all take responsibility for his brand and everyone that represent the company.

As for the ad - When the ad was created the stat was correct and it was referring to the national housing market. I will make sure we update our ads and try to customize them for local markets. This is not a small job but your point is correct.

Please feel free to contact me directly if you want to discuss in more detail.

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